Amounts left to charity in your will have been exempt from Inheritance Tax for many years, but a new rule can reduce the Inheritance Tax rate on the remainder of your estate, in some cases.

You may have read the headlines from this year’s Budget about the lower Inheritance Tax rate of 36% (instead of the usual 40%) where money is left to charity? As is often the case, the devil is in the detail, with complex rules and an outcome that is not quite as good as it first sounds!